Knowledge & Research

The Globalization Paradox

Unmoved by the entreaties of multiple countries, Secretary Mnuchin refused to have the official summit communiqué restate last year’s vow to “resist all forms of protectionism....

Think Self-Care, Not Just Health Care

Republicans in the House of Representatives released a reform bill last week—a response to the enduring polarization over Obamacare, which Donald Trump has pledged to “repeal and...

Make America Dynamic Again

America’s dynamism has been a by-product of smart public policy and an openness to risk-taking that seems to be embedded in the national DNA. These features have made...

It Takes a Trump to Go to China

For many years before this trip, Nixon was known as a staunch opponent of Communism in all forms. Thus did he stun the world when he boarded Air Force One ...

The Crisis in America’s Classrooms

Need proof that America is not creating enough of the skills its workers need to succeed? Try this passage from a recent New York Times article: “When the German...

A Timely Antidote to the Death of TPP

Just two days after being inaugurated as president, Donald Trump formally withdrew the United States from negotiations over the Trans-Pacific Partnership, a comprehensive trade liberalization measure involving 11 other nations. A...

The Stress Test Facing Europe

The backdrop to the referendum’s defeat, which prompted Renzi to resign three days later, is the horrendous state of the Italian economy. The country’s GDP is...

Free Trade Falters in Europe

Negotiations on the Canada-EU pact, known as CETA (Comprehensive Economic and Trade Agreement), started seven long years ago, and they’ve been focused on eliminating 98 percent of the tariffs...

Wanted: More Workers

Yes, we know, that is a mouthful. Yes, we know, this topic we have not heard much about from either major-party presidential candidate. But success or failure in reversing this...

India’s Path to Progress Runs through Aadhaar

The story begins with the federal government launching the Unique Identification Authority of India in January 2009. The authority’s main task was to assign a unique 12-digit identification number...

There Is No “I” in Team—The Ryder Cup

One of your correspondents, an avid but mediocre golfer, is especially keen on this year’s biennial match—not just because he grew up minutes away from Hazeltine...

R.I.P., CEA?

One glaring omission to this emerging team stands out, however: the absence of anyone appointed to the Council of Economic Advisers. As World War II drew to a merciful close,...

Carnage or Confidence?

His inauguration address was among the most disquieting in history. True to the narrative of his presidential campaign, he excoriated America’s ruling class and the forces of globalization. ...

A Holiday Wish—Progress Rather Than Regress

If the global economy were to receive a Christmas or Hanukkah present, what would it be? How about progress rather than regress. Unique though it was in many ways, much...

“Mr. President, You Are Mistaken, Sir”

Created by Congress in the Employment Act of 1946, one of CEA’s roles specified in the enabling legislation is “to develop and recommend to the President national economic...

Modi Delivers Demonetization

Yes, economic liberalization has boosted living standards over the past two decades. But last year per capita gross domestic product in India was still only about $1,800; hundreds of millions of...

The Only Flame In Town

One casualty is the Trans-Pacific Partnership. Republican congressional leaders informed the White House and others that they have no intention of considering the TPP in the lame-duck Congress, which was...

Confident Humility and Empathy

It has now been a bit more than five days since the presidential election was called for Donald Trump. We suspect that every one of you readers is like us...